Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Savage Sells 897 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Savage sold 897 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $55.87, for a total value of $50,115.39. Following the completion of the transaction, the chief financial officer now directly owns 51,678 shares in the company, valued at $2,887,249.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sheri Savage also recently made the following trade(s):

• On Monday, July 8th, Sheri Savage sold 10,079 shares of Ultra Clean stock. The stock was sold at an average price of $54.18, for a total transaction of $546,080.22.
• On Tuesday, July 2nd, Sheri Savage sold 9,682 shares of Ultra Clean stock. The shares were sold at an average price of $51.08, for a total transaction of $494,556.56.
• On Monday, June 10th, Sheri Savage sold 2,708 shares of Ultra Clean stock. The stock was sold at an average price of $47.18, for a total transaction of $127,763.44.
• On Friday, June 7th, Sheri Savage sold 15,319 shares of Ultra Clean stock. The shares were sold at an average price of $46.00, for a total transaction of $704,674.00.

Ultra Clean Trading Down 9.6 %

Shares of Ultra Clean stock opened at $50.76 on Thursday. Ultra Clean Holdings, Inc. has a fifty-two week low of $22.15 and a fifty-two week high of $56.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 2.76. The company has a market capitalization of $2.27 billion, a P/E ratio of -61.90 and a beta of 2.13. The company has a fifty day moving average of $48.18 and a 200 day moving average of $43.68.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.20 earnings per share for the quarter. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%. The firm had revenue of $477.70 million during the quarter, compared to analyst estimates of $455.00 million.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Cowen lifted their target price on Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC boosted their price objective on Ultra Clean from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Ultra Clean by 52.1% in the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after buying an additional 213 shares in the last quarter. CWM LLC increased its holdings in Ultra Clean by 46.3% in the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 253 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Ultra Clean in the 4th quarter worth $59,000. Allspring Global Investments Holdings LLC bought a new position in shares of Ultra Clean during the 1st quarter valued at about $96,000. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Ultra Clean by 27,160.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 2,716 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.